According to the public record, 24, Chadwell Avenue, Romford is a early-century leasehold apartment with 333 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a garden.
The apartment is in 24, Chadwell Avenue, Romford, RM6.
Chadwell Avenue, Romford, RM6 is located in the borough of Redbridge within the RM6 postal district.
24, Chadwell Avenue, Romford has a single entry in the Land Registry database from March 2015 and a single entry in the EPC database dated October 2014.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 24 Chadwell Avenue Romford as £209,982 and the rental value as £1,091 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 24 Chadwell Avenue Romford has increased by £1,539 (0.7%) and its rental value has increased by £57 per month (5.2%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 24, Chadwell Avenue, Romford is in very good condition we estimate a sale value of £220,481 and rental value of £1,146 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £195,283 and a rental value of £1,015 per month.
If you were able to purchase this property for the estimated value of £209,982, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,032 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 24, Chadwell Avenue, Romford was last sold on 13 Mar 2015 for £167,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2015, the market for similar properties has risen 33.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 24, Chadwell Avenue, Romford within a radius of 480 metres over the last 2 years.
The most recent example is 311, Express Drive, Ilford, IG3 9RE, a Leasehold flat which sold for £200,000 in Nov 2019.
Read more about house prices in RM6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Chadwell Avenue, Romford, RM6 has a total of 79 addresses. According to our analysis of all the public data, 24, Chadwell Avenue, Romford is the 79th largest and the 79th most expensive property on the street.
When compared to the postcode district it is £165k less expensive than the average property in RM6.
24, Chadwell Avenue, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 Oct 2014.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 24, Chadwell Avenue, Romford is Goodmayes station which is 500 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 24, Chadwell Avenue, Romford, 45.5% of property is privately rented and 30.9% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 24, Chadwell Avenue, Romford, 28.4% of residents are recorded as possessing school level qualifications and 46.3% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 24, Chadwell Avenue, Romford, the average age was 34.6 and the most common age was 42.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 24, Chadwell Avenue, Romford, 0.0% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 24, Chadwell Avenue, Romford, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.